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Navistar, UAW Reach Tentative Agreement to Restart Next Generation Truck, Keep Foundry Open

13 August 1997

Navistar, UAW Reach Tentative Agreement to Restart Next Generation Truck, Keep Foundry Open

    CHICAGO, Aug. 13 -- Navistar International Corporation
and UAW leadership have reached tentative agreement on a master
contract extension through October 31, 2002 that would enable the company to
build its next generation truck (NGT) at Springfield and maintain production
at its Indianapolis foundry.
    The agreement is subject to ratification by the UAW membership, which will
be this weekend, and the company's board of directors must approve funding for
the NGT program.  The NGT program will be reviewed at the August board meeting
with funding to be approved at the October meeting.
    Further information regarding the announcement will be available at a
media conference call this afternoon, with details about the briefing to
follow.  The company also will have its regularly scheduled conference call
with analysts tomorrow morning following the release of third quarter
earnings.
    Navistar International Corporation, with world headquarters in Chicago, is
the leading North American producer of heavy trucks, medium trucks and school
buses.  This company is the worldwide leader in the manufacture of mid-range
diesel engines, which are produced in a range of 160 to 300 horsepower.

SOURCE  Navistar International Corporation